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. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cutting $716 billion from medicare to be able to balance the additional cost of obama care is, in my opinion, a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, what happens is those seniors right away are going to be paying $600 more in prescription care. >> reporter: the fiercest exchange over health care and jobs. >> i just don't know how the president could have come in to office facing 23 million people out of work, rising unemployment, an economic crisis at the kitchen table and spend his energy and passion for two years fighting for obama care instead of fighting for jobs for the american people. >> we did work on this alongside working on jobs, because this is part of making sure that middle class families are secure in this country. >> reporter: president obama on defense, romney challenging his record, as both now wait to see if this exchange has any impact on voters. it had impact online. on twitter, the most tweeted e
. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cutting $716 billion from medicare to be able to balance the additional cost of obama care is, in my opinion, a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, what happens is those seniors right away are going to be paying $600 more in prescription care. >> reporter: the fiercest exchange over health care and...
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Oct 2, 2012
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part b, so that medicare could -- so that it could negotiate the price of medicare prescription costs instead of keeping a large profit going to pharmaceutical companies instead of medicaid and the veterans administration, who is able to negotiate. why? because that itself increases our deficit by almost $1 trillion. you talk about the spending we can cut, maybe we can negotiate more with these companies that pay you not to vote the way you vote. maybe we can have more money for our infrastructure and schools and teacher pay and police officers. that is what we need. it is not about regulation. when i started my law firm and other business, i was not looking at regulation, i was looking at how to make a profit. that is what small business people look at. they say let's do it. that is the way american entrepreneurial spirit is. you are so far removed from reality because no man think that you know what a small business is. >> moderator: mr. powell, a question for senator eric cantor powell: i was going to ask about shorting the u.s. treasury bonds or why you carved out the stock act or
part b, so that medicare could -- so that it could negotiate the price of medicare prescription costs instead of keeping a large profit going to pharmaceutical companies instead of medicaid and the veterans administration, who is able to negotiate. why? because that itself increases our deficit by almost $1 trillion. you talk about the spending we can cut, maybe we can negotiate more with these companies that pay you not to vote the way you vote. maybe we can have more money for our...
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Sep 29, 2012
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i want to fix medicare. i want to make sure that the seniors in america and wisconsin are going to have coverage. and i want to make sure we do it in the right way. medicare goes broke in the year 2022. it is $42 trillion in debt right now. there's no way that it's going to be able to continue unless we modify it and change it. i believe that ron white, a democrat and paul ryan, a republican have got the first step. i would go further. i would put medicare, before it goes broke, allow seniors and individuals to be able to continue to be covered by medicare but after that, be able to be put into the federal health program the same way she gets her health insurance right now. it was good -- if it's good enough for the congress why isn't it good enough for the seniors? that's the difference. it's not a voucher pral. you're allowing seniors to have continuation of health care. >> thank you governor. our next question is from john, first to governor thompson. >> i'm certain you saw israeli prime minister netanyah
i want to fix medicare. i want to make sure that the seniors in america and wisconsin are going to have coverage. and i want to make sure we do it in the right way. medicare goes broke in the year 2022. it is $42 trillion in debt right now. there's no way that it's going to be able to continue unless we modify it and change it. i believe that ron white, a democrat and paul ryan, a republican have got the first step. i would go further. i would put medicare, before it goes broke, allow seniors...
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thirdly, medicare prescription drugs was expanded, added $8 trillion in new unfunded sees when medicare was already underfunded $20 trillion. since then we have stimulus programs that are not properly designed and the effectively implemented. we passed for will care act to cover 30 million more people. government today is 24% of the economy, 12 times bigger than 100 years ago, and it is headed to 37% on autopilot. these people live in a dream world. >> let me read you two quotes. democrats and republicans blame each other. nobody steps up to the plate and accept responsibility for anything. this city, washington, d.c., we're giving a national press club speech from this city has become a town of media stunt man who posture, creek images, talk, she got off roman candles, but do not accomplish anything. i am wondering if you think you could utter them today in 2012 and they would make just as much sense? has anything improved in the dealings of republicans, democrats, white house, congress -- >> we still have the same problems. that is why everything is going downhill, and that is what we
thirdly, medicare prescription drugs was expanded, added $8 trillion in new unfunded sees when medicare was already underfunded $20 trillion. since then we have stimulus programs that are not properly designed and the effectively implemented. we passed for will care act to cover 30 million more people. government today is 24% of the economy, 12 times bigger than 100 years ago, and it is headed to 37% on autopilot. these people live in a dream world. >> let me read you two quotes....
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Sep 29, 2012
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to be obese for their medicare coverage. where did that idea come from? >> it came from us. i mean, i'm a person to put it in the memo. i didn't have to fight hard for it. i ran into this common something every in the washington post, were sort of calling people morbidly obese a club and the omega fatty. i was being insensitive, which i guess i probably am. but this is another thing where everybody knows this to be true and someone has to pay for. i'm not saying you should encrypt if they're too heavy, but there should be penalties. i mean, i'm not really democrat, but you have to be responsible for your personal behavior. and some is going to pay for it. >> quite right. we should we should point out also for your not the only ones making arguments like this. there have been other bipartisan commissions and so forth. the task force headed by alice rivlin and pete domenici, democrat and republican also said with regard to medicare we need to do something about the obese smokers and they also had a proposal more complicated th
to be obese for their medicare coverage. where did that idea come from? >> it came from us. i mean, i'm a person to put it in the memo. i didn't have to fight hard for it. i ran into this common something every in the washington post, were sort of calling people morbidly obese a club and the omega fatty. i was being insensitive, which i guess i probably am. but this is another thing where everybody knows this to be true and someone has to pay for. i'm not saying you should encrypt if...
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so bob medicare donald is governing new jersey. both in terms of actuality policy and in terms of politics but they become a model how you succeed in govern as reform conservative including in many states they will by definition will be governorring in many states month will have lost. nevada, new mexico, and new jersey, maybe virginia, of course, maybe oh. i think they become central and i think it will be hard for us in washington to sort of remind ourselves they are more important than what happens in the leadership in the house and the senate. one tiny caf yet i wrote it a couple of weeks ago. everyone assumes the republicans will hold the house. of course. i'm not certain about that. i think -- my only lek trail campaign point i would make it's a guess and analytical guess. i think people are underestimating the variance of outcomes that can still happen. i don't buy the argument we are locked in a 51-48 race either way. i think it can be a seven-point victory. i'm not sure romney can't break it open. if he gets a 53-47 if it'
so bob medicare donald is governing new jersey. both in terms of actuality policy and in terms of politics but they become a model how you succeed in govern as reform conservative including in many states they will by definition will be governorring in many states month will have lost. nevada, new mexico, and new jersey, maybe virginia, of course, maybe oh. i think they become central and i think it will be hard for us in washington to sort of remind ourselves they are more important than what...
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a hot topic of the debate, medicare, president obama says he based his health care law on romney's own plan for massachusetts. but romney stuck to his promise to repeal the law if elected. and despite being a prominent issue this week on the campaign trail, the candidates did not tackle the topic of immigration. >>> turkey's deputy prime minister says a bill authorizing the use of force against syria is intended as a deterrent and not a declaration of war. that bill was approved by turkey's parliament this morning. turkish troops fired for the second day in retaliation for syrian mortar fire that killed five civilians in a turkish border town. >>> health officials say a deadly meningitis outbreak may be linked to steroid injections manufactured at a massachusetts pharmacy. the drug maker has recalled the steroid used to treat mostly back pain as investigators work to confirm the source of the infection. so far, more than two dozen people have been sickened across five states, four people have died, and experts say those numbers could grow. this type of meningitis is caused by a fungus
a hot topic of the debate, medicare, president obama says he based his health care law on romney's own plan for massachusetts. but romney stuck to his promise to repeal the law if elected. and despite being a prominent issue this week on the campaign trail, the candidates did not tackle the topic of immigration. >>> turkey's deputy prime minister says a bill authorizing the use of force against syria is intended as a deterrent and not a declaration of war. that bill was approved by...
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an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after a string of incidents where a man has groped students near campus. there have been four reported incidents in the last week. the most recent one happened sunday night on massachusetts avenue. police say the suspect comes up from behind, grabs girls inappropriately, and then runs away. >> i normally feel really safe around here. i'm not in the city or anything. that's a little bit terrifying. >> something's got to be done. i mean, it's definitely uncalled for and not okay. >> au sent an e-mail to students to alert them about the attacks. the university is asking the students to walk in groups and only in well-lit areas. >> 6:06 right now. today marks the tenth anniversary of the sniper killing spree. the first attack happened in a parking lot in wheaton, maryland. in all, ten people were killed, three
an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after a string of incidents where a man has groped students near campus. there have been four reported incidents in the last week. the most recent one happened sunday night on massachusetts avenue. police say the suspect comes up from...
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. >> let's get back to medicare. >> reporter: and it didn't take long for the deep philosophical disagreements to come through. first on taxes. >> now, governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cut on top of $2 trillion of additional spending for our military. and he is saying that he is going to pay for by closing loopholes and deductions. the problem is he's been asked over 100 times how you would close those deductions and loopholes and he hasn't been able to identify them. >> virtually everything he said about my tax plan is inaccurate. if the tax plan he described, i would say absolutely not. i'm not looking for a $5 trillion tax cut. what i've said is i won't put in place a tax cut that adds to the deficit. >> for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggress
. >> let's get back to medicare. >> reporter: and it didn't take long for the deep philosophical disagreements to come through. first on taxes. >> now, governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cut on top of $2 trillion of additional spending for our military. and he is saying that he is going to pay for by closing loopholes and deductions. the problem is he's been asked over 100 times how you would close those deductions and...
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cut to medicare, which isn't true. every republican that he's supporting also supports the exact same thing because they are accounted for in the ryan budget minus $200 million more, so $916 billion. these are the things that i think are problematic in terms of how the policy debate, and i think that the, um, the super pacs only make it worse because you have individuals who have personal, um, opinions that they're trying to foist upon people. and i think we'd be better off with the candidates, we just would be. i'm happy to be part of a super pac, i'm happy to defend barack obama because he's the next and best president of the united states, and that's financial. but do i wish this didn't have to be? yeah, i do. and i think experiencing -- in connecticut we have public financing campaigns, and you know what? they work just fine. and the voters while they may say they're not that happy with taxpayer-funded campaigns, you know, things have gone pretty smoothly in a lot of these places that have public finance, so i just
cut to medicare, which isn't true. every republican that he's supporting also supports the exact same thing because they are accounted for in the ryan budget minus $200 million more, so $916 billion. these are the things that i think are problematic in terms of how the policy debate, and i think that the, um, the super pacs only make it worse because you have individuals who have personal, um, opinions that they're trying to foist upon people. and i think we'd be better off with the candidates,...
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not pay for, also he gave tax cuts to people who make more than a million dollars and didn't pay for medicare part d. i think he has a lot to answer for and i think he could have done that and didn't. [applause] >> congressman, your thoughts? >> when nancy pelosi, who is a strong sponsor of her, our national debt was $8.6 trillion. when she joined up with barack obama, they added an additional $five trillion in debt, which accumulated under the pelosi- obama era. i'm crop -- i am glad to know i have more power than both of them put together and i have much more power over this deficit. [applause] >> can you put that increase in the national debt on barack obama and nancy pelosi alone? >> can you put the increase in national debt on barack obama and nancy pelosi alone? >> know, -- no. congressman king has been in congress for 10 years. i have a plan to make sure i can convince landowners to pass their land from one generation to the next and in sent landowners to help young farmers get started. one of the most important things we could be doing right now which congress has not done is pass the
not pay for, also he gave tax cuts to people who make more than a million dollars and didn't pay for medicare part d. i think he has a lot to answer for and i think he could have done that and didn't. [applause] >> congressman, your thoughts? >> when nancy pelosi, who is a strong sponsor of her, our national debt was $8.6 trillion. when she joined up with barack obama, they added an additional $five trillion in debt, which accumulated under the pelosi- obama era. i'm crop -- i am...
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Sep 28, 2012
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cuts and all of these different programs from the national defence to the domestic programs and the medicare providers, just to say, i am not responsible. i am just as the speaker. it doesn't solve the problem. the republicans can stop the democrats, the democrats can stop the republicans. adults, responsible people, have to work together. we can't work together unless we are here and working. theseen't we working problems out? why do we have to wait till after the election before we can do the people's work? there are too many americans that are suffering and asking, what is congress going to act like congress to pass legislation that will get side -- signed and resolve the issues that need to be resolved? >> if i can add to that, the republicans claim to be in favor of middle class tax relief. the president has called upon congress to immediately have whacked middle-class tax relief. let's move forward with what we agree on to provide immediate tax relief to 98% of the american people. the 97% of all pass through businesses. republicans say we are not going to move together all the things
cuts and all of these different programs from the national defence to the domestic programs and the medicare providers, just to say, i am not responsible. i am just as the speaker. it doesn't solve the problem. the republicans can stop the democrats, the democrats can stop the republicans. adults, responsible people, have to work together. we can't work together unless we are here and working. theseen't we working problems out? why do we have to wait till after the election before we can do the...